Scotch whisky business Inver House Distillers, behind brands including Old Pulteney and Speyburn, saw pre-tax profits jump by 23.5 per cent last year despite challenging trading conditions in a number of markets, writes Perry Gourley.
Overall sales rose by 2.8 per cent to £79.2 million but growth in its key brands was at 11 per cent with particular success in markets including the UK, US, Germany, Poland and a number of African countries.
Profits increased to £11.8m and total capital expenditure more than doubled to £10.2m from £4.7m as Inver House Distillers’ managing director Graham Stevenson, pictured, said it continued to invest for the future.
“The year has also strengthened our determination to build our brands, with strategic investments being made to meet the numerous and diverse challenges and uncertainties that the industry undoubtedly faces globally. There are challenging times to come but we remain confident about our strategy and the opportunities for our brands and our industry.”